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Rupee at record lows: 5 implications of depreciating Indian currency; BofA sees rebound

Rupee at record lows: Indian currency (INR) has been on a free-fall lately, with the local currency depreciating over 7 per cent in the current calendar against US dollar. The fall in the Indian ...
Reuters

Indian firms use currency swaps to lower borrowing costs as Fed rate cuts kickoff

MUMBAI, Sept 19 (Reuters) - Indian firms are opting for cross-currency swaps to convert part of their rupee debt into dollars in an attempt to trim borrowing costs as U.S. interest rates decline, six ...